According to the Florida Times-Union, quarterback Mark Brunell is in a major financial hole.

“Former Jaguars quarterback Mark Brunell has assets of $5.5 million, but liabilities of nearly five times that, according to his bankruptcy filing,” wrote Roger Bull in the FTU. “The petition, filed Friday in U.S. Bankruptcy Court, lists $24.7 million in liabilities. The filing lists his only current monthly income as $5,000 as president of Mark Brunell Enterprises, which operates football camps. His wife, Stacy, also makes $5,000 a month from Mark Brunell Enterprises, for a combined take-home income total of $8,780.”

Brunell is expected to sign with the Jets as a backup sometime this summer.